š» $XLM /USDT ā Short Trade Setup
Entry: $0.3715
Target 1: $0.3610 (~2.8% profit)
Target 2: $0.3345 (~10% profit)
Stop Loss: Above $0.4078 (~9.8% risk)
š Reason for Short Setup:
XLM is up +21.64%, but facing strong resistance near its 24h high of $0.4078.
Price is stalling at $0.3715, suggesting potential exhaustion after a big move.
High volume spike often precedes profit-taking, especially when followed by slowing momentum.
If price breaks below $0.3610, selling pressure could increase, triggering a drop toward the $0.3345ā$0.3080 support zone.
This is a high-reward short opportunity if $0.371 fails to hold as intraday support. Ideal for reversal traders targeting pullbacks.